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that includes a billionaire warren buffet. the deal is believed to be the largest in the food industry. u.s. airways and american airlines have announced they are joining forces. the merger creates the world's biggest airline in terms of miles flown by passengers around the world. we have this from new york. >> the courtship is over and now they are making it permanent. u.s. airways announced its merger with american airlines. [applause] it was the closest thing to a marriage ceremony. the u.s. airways to executive counted the benefits of this union. >> these are two highly complementary airlines. the 900 route we fly individually. when you add them up, there are only 12 of them that have overlap. this is really about providing better service to customers. it creates a nice third competitor to the two larger airlines. our view is it increases competition, doesn't decrease competition. >> the deal will save the combines company's $11 billion per year. united shareholders will own 28% of the stock while american shareholders will own the remaining 72%. this deal will help rescue it from bankr
, on this valentine's day. their combination means the field of major u.s. carriers will shrink by one. these jetliners-- sporting shiny new paint jobs-- are among the roughly 900 planes in the american airlines fleet and they're about to be joined by the 622 planes currently flying for u.s. airways. the price tag for the deal: $11 billion. creditors of american's bankrupt parent company a.m.r. will own 72% of the combined airline. the merger affects some 187 million passengers who fly the two airlines annually. >> i grew up on u.s. airways. >> brown: as well as more than 100,000 employees. >> our best goal going forward is to make it the biggest, strongest airline in the country, and i suppose that's about to happen. >> brown: the combined company will keep the american name and headquarters in fort worth, texas. but it is u.s. airways c.e.o. doug parker who will run it. his counterpart-- tom horton at american-- will serve as chairman, but bow out after the transition the two are friends who started their careers together at american three decades ago. >> to run a new airline you nee
. there are some wonderful sportsmen and sports women. one more item from the world of sports but the u.s. government has joined a lawsuit against lance armstrong after talks with his lawyers broke down. the suit argues armstrong defrauded the american public by insisting he was not using drugs will writing for the u.s. postal service team. last month, he admitted using performance enhancing drugs. this weekend, italian voters must decide do they trust to get their ailing country moving again. the choice includes a former communist an outspoken comedian, berlusconi, and economic technocrat mario monti. our europe editor has more. naples in the final hours of campaigning in the italian general election but europe fears the result could cause tremors any euro zone. an ex-orites to win is communist. away from the public rallies, he had this message for europe. >> i intend to convince your of the that austerity is not enough. i do not believe european policies are correct. they need to be adjusted to take more account of investment and jobs. >> he promises to reduce the deficit any sense the
viewers like you. thank you. >> woodruff: a u.s. security firm charged today there's an all-out effort to break into computer systems in the u.s. and elsewhere. the report laid out an extensive case against china and its military. the newest allegations of cyber attacks by the chinese government came up at the white house today. reporters asked spokesman jay carney about a study that blames china's military for a large-scale years-long hacking campaign. >> we have repeatedly raised our concerns at the highest levels about cyber attacks with senior chinese officials, including in the military, and we will continue to do so. >> woodruff: the report alleges this nondescript 12-story office building is the locus of the hacking. it's situated in shanghai and is run by unit 61398, a bureau within the general staff of the people's liberation army. a virginia-based security firm, man yant corporation, traced the hacking there and concluded it is one of the most prolific cyber espionage groups in terms of the here is quantity of information stolen. man yant said the chinese stole reams of infor
alone. people feel oppressed by a regime that will quite literally stop at nothing. >> the u.s. defense secretary wanted to arm the syrian rebels, but the white house did not want to. do you think there is a chance the white house might change its mind? >> i think it is inevitable with the change of team, particularly yith secretary of state carrkerr coming in, but there has to be a complete revamping of strategy. that may be a decision they come with. >> you think it would tips the balance at this point? >> what i would support as the united states making a move to form a relationship with carefully vetted rebel groups. i think the united states has come to the conclusion armed people on the ground are going to be dictating a series of's future -- dictating syria's future. it could include training, tactical intelligence, non- legal the equipment. i think it is essential if the ignited states do -- if the united states wants to exert influence. >> do you think they are in danger of not exerting influence? >> i think the president of the united states has certain reservations about gett
Search Results 0 to 7 of about 8 (some duplicates have been removed)

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